LGI Group: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LGI Group
Largest movements
- Tangible fixed assets +€198,477
up €198,477 (+110.4%), from €179,742 to €378,219
of which Land and buildings: +€237,531
- Cash -€11,969
down €11,969 (-34.4%), from €34,771 to €22,802
mainly Investment in fixed assets (net) (-€277,036) and Contributions, distributions and other (-€29,412)
- Receivables within one year +€8,187
up €8,187 (+33.3%), from €24,620 to €32,807
of which Other amounts receivable: +€7,649
- Debts after one year +€174,430
up €174,430 (+169.1%), from €103,151 to €277,582
- Current portion of long-term debt +€19,935
up €19,935 (+36.4%), from €54,783 to €74,718
- Trade debts -€16,558
down €16,558 (-43.0%), from €38,537 to €21,979
- Profit (loss) carried forward +€7,853
up €7,853 (+21.2%), from €36,978 to €44,831
- Gross operating margin +€123,565
up €123,565 (+82.5%), from €149,822 to €273,387
- Other operating charges +€39,930
up €39,930 (+1327.4%), from €3,008 to €42,938
- Depreciation +€29,024
up €29,024 (+55.2%), from €52,534 to €81,558
- Staff costs +€26,426
up €26,426 (+59.8%), from €44,193 to €70,619
- Financial charges +€10,381
up €10,381 (+179.0%), from €5,800 to €16,182
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €255,265 | €446,076 | +€190,810 | +74.7% |
| Fixed assets | 21/28 | €194,989 | €390,466 | +€195,477 | +100.3% |
| Intangible fixed assets | 21 | €15,247 | €12,247 | -€3,000 | -19.7% |
| Tangible fixed assets | 22/27 | €179,742 | €378,219 | +€198,477 | +110.4% |
| Land and buildings | 22 | - | €237,531 | +€237,531 | |
| Plant, machinery and equipment | 23 | €146,130 | €114,358 | -€31,772 | -21.7% |
| Furniture and vehicles | 24 | €1,019 | €591 | -€429 | -42.1% |
| Leasing and similar rights | 25 | €30,858 | €20,628 | -€10,230 | -33.2% |
| Other tangible fixed assets | 26 | €1,734 | €5,111 | +€3,377 | +194.7% |
| Current assets | 29/58 | €60,277 | €55,610 | -€4,667 | -7.7% |
| Amounts receivable within one year | 40/41 | €24,620 | €32,807 | +€8,187 | +33.3% |
| Trade receivables | 40 | €14,823 | €15,361 | +€538 | +3.6% |
| Other amounts receivable | 41 | €9,797 | €17,446 | +€7,649 | +78.1% |
| Cash at bank and in hand | 54/58 | €34,771 | €22,802 | -€11,969 | -34.4% |
| Deferred charges and accrued income | 490/1 | €885 | - | -€885 | |
| Total equity and liabilities | 10/49 | €255,265 | €446,076 | +€190,810 | +74.7% |
| Equity | 10/15 | €46,978 | €54,831 | +€7,853 | +16.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,978 | €44,831 | +€7,853 | +21.2% |
| Amounts payable | 17/49 | €208,287 | €391,245 | +€182,957 | +87.8% |
| Amounts payable after more than one year | 17 | €103,151 | €277,582 | +€174,430 | +169.1% |
| Financial debts | 170/4 | €103,151 | €277,582 | +€174,430 | +169.1% |
| Amounts payable within one year | 42/48 | €105,136 | €113,663 | +€8,527 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €54,783 | €74,718 | +€19,935 | +36.4% |
| Trade debts | 44 | €38,537 | €21,979 | -€16,558 | -43.0% |
| Suppliers | 440/4 | €38,537 | €21,979 | -€16,558 | -43.0% |
| Taxes, remuneration and social security | 45 | €10,211 | €12,817 | +€2,606 | +25.5% |
| Taxes | 450/3 | €4,497 | €3,595 | -€902 | -20.1% |
| Remuneration and social security | 454/9 | €5,714 | €9,223 | +€3,509 | +61.4% |
| Other amounts payable | 47/48 | €1,605 | €4,149 | +€2,544 | +158.5% |
| Non-recurring operating income | 76A | €3,600 | - | -€3,600 | |
| Remuneration, social security and pensions | 62 | €44,193 | €70,619 | +€26,426 | +59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,534 | €81,558 | +€29,024 | +55.2% |
| Other operating charges | 640/8 | €3,008 | €42,938 | +€39,930 | +1327.4% |
| Non-recurring operating charges | 66A | - | €10,144 | +€10,144 | |
| Gross operating margin | 9900 | €149,822 | €273,387 | +€123,565 | +82.5% |
| Operating profit (loss) | 9901 | €50,086 | €68,128 | +€18,041 | +36.0% |
| Financial income | 75/76B | €0 | €42 | +€42 | +20870.0% |
| Recurring financial income | 75 | €0 | €42 | +€42 | +20870.0% |
| Financial charges | 65/66B | €5,800 | €16,182 | +€10,381 | +179.0% |
| Recurring financial charges | 65 | €5,800 | €16,182 | +€10,381 | +179.0% |
| Profit (loss) for the period before taxes | 9903 | €44,286 | €51,988 | +€7,702 | +17.4% |
| Income taxes | 67/77 | €5,563 | €14,723 | +€9,160 | +164.7% |
| Profit (loss) for the period | 9904 | €38,723 | €37,265 | -€1,458 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,723 | €37,265 | -€1,458 | -3.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.